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Temperature Sensor Market Size By Product (Contact {Temperature Sensors ICs, Resistive Temperature Detectors, Thermistors, Thermocouples, Bimetallic Temperature Sensors}, Non-Contact {Infrared, Fiber-Optics}), By Output (Analog, Digital {Single-Channel, Multi-Channel}), By Application (Chemical, Oil & Gas, Consumer Electronics, Healthcare, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI3469
- Published Date: Jan 2023
- Report Format: PDF
Industry Statistics
Temperature Sensor Market size crossed USD 8 billion in 2022 and is anticipated to exhibit over 4% CAGR from 2023-2032. Surge in the adoption of wearable medical devices and portable healthcare technology will have a positive impact on industry dynamics.
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Rapid penetration of IoT, AI, and robots has enabled advancements in wearable technologies, fostering a massive demand for temperature sensors. Moreover, the recent breakthroughs in advanced patient monitoring systems allowing remote healthcare are further accelerating the need for sensors that enhance the intelligence of medical equipment, such as life-supporting implants. Temperature sensors are also gaining momentum owing to extensive applications in sleep apnea machines, blood analyzers, medical incubators, ventilators, kidney dialysis machines, neonatal intensive care units, and monitoring the temperature of organ transplant systems.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 8 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4% |
| 2032 Value Projection: | USD 11 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 340 |
| Tables, Charts & Figures: | 515 |
| Segments covered: | Product, Output, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Risk of temperature sensor installation in harsh conditions may impede product demand
Limitations associated with temperature sensor applications in harsh environments could restrain overall industry performance. The biggest challenges include the utilization of temperature sensors in extreme environments and determining their functional capabilities. Based on external conditions, operators must have an accurate technique to assess the sensor’s functionality during installation as well as operation on a regular basis. This requires staff to be capable of creating, utilizing, and maintaining systems with a complete understanding of technical limitations and identifying the necessary modifications.
Burgeoning demand for IR-based non-contact sensors to influence market development
In terms of revenue, non-contact product segment accounted for more than USD 1 billion in the temperature sensors market in 2022. Non-contact sensors play a crucial role in detecting the temperatures of goods and items that are more prone to significant temperature fluctuations due to constant movement. The ongoing innovation and sophistication of medical technologies have introduced an array of non-contact sensors such as mounted devices, battery-powered portable devices, and online-process monitoring devices.
Non-contact sensors segment is further bifurcated into infrared, and fiber optics. The infrared sub-segment held more than 8% market share in 2022 owing to increasing adoption across automotive applications such as lane departure warning systems, night vision systems, and pedestrian detection. This technology is integrated with infrared cameras as well as optimized detection algorithms enabling accurate vision at night as compared to visible cameras. Furthermore, the emergence of technology-centric trends, including electrification of vehicles, hybrid vehicles, and smart transportation in the automotive sector will augment the demand for IR-based non-contact sensors.
Increasing need for digitization of hospitals to fuel adoption of digital output temperature sensors
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Digital output segment is projected to surpass 25% of the temperature sensor market share by 2032. Rapid digitization of the healthcare sector is proliferating the adoption of digitally enabled temperature sensors for applications such as medical thermometers. Due to the increasing disease burden and the growing population rate, various developed and developing economies are investing heavily in the digitization of hospitals and healthcare infrastructure.
Influx of smart home trends in consumer electronics to propel integration of temperature sensors
Temperature sensor market valuation from consumer electronics is poised to exceed USD 1.5 billion by 2032. Temperature sensors are extensively used in consumer electronics products, including washing machines, dishwashers, refrigerators, and air conditioners, among others. The rising disposable incomes and growing consumer inclination towards luxury lifestyles have propelled the demand for smart home appliances. This growing preference for smart homes will positively influence temperature sensor applications in consumer electronics manufacturing.
Stringent energy-efficiency policies to drive Europe temperature sensor market share
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Europe is anticipated to hold more than 35% of the temperature sensor market share by the end of 2032. The region is poised to emerge as a lucrative hub for temperature sensor manufacturers owing to stringent legislations associated with emission control and environmental safety. Several EU agencies and government bodies have introduced strict regulations for industrial manufacturers to adopt advanced technologies, allowing them to monitor indoor and outdoor conditions. This scenario is fuelling the demand for temperature sensors amongst manufacturers of consumer electronics and devices to cater to heating and cooling needs.
New product launches to foster competitive landscape of the temperature sensor market outlook
Some of the leading companies in the global temperature sensor market include ABLIC, Amphenol Advanced Sensors, Analog Devices, Inc., OSRAM AG, DWYER INSTRUMENTS, EMERSON, HANS TURCK, Honeywell International, IFM ELECTRONIC, KONGSBERG GRUPPEN, Littelfuse, Inc., Microchip Technology Inc., Murata, NXP SEMICONDUCTORS, OMEGA ENGINEERING, On Semiconductor Corporation, PYROMATION, Renesas Electronics, ROHM Co., Ltd, Sensata, STMicroelectronics N.V, TE CONNECTIVITY, TEXAS INSTRUMENTS, Vishay Intertechnology. These firms are scaling up efforts to introduce innovative products featuring advanced technologies for strengthening their market image.
Impact of the COVID-19 pandemic on the temperature sensor industry trends
COVID-19 outbreak resulted in new challenges and opportunities for the temperature sensor market players. Due to a burgeoning growth in hospitalization rates and the deployment of very strict lockdowns to curb virus transmissions, several businesses experienced a dramatic setback. The pandemic-driven supply chain disruptions and labor shortage hampered temperature sensor industry performance. However, the outbreak emphasized the need for advanced detection technologies, such as non-contact infrared thermometers, and thermal imaging systems to support the reopening plans of multiple governments post-pandemic. Several countries are also increasingly using non-contact temperature assessment devices to reduce the spread of COVID-19 infections.
The temperature sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in Million Units from 2018 to 2032 for the following segments:
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By Product
- Contact
- Temperature Sensors ICs
- Resistive Temperature Detectors
- Thermistors
- Thermocouples
- Bimetallic Temperature Sensors
- Non-Contact
- Infrared
- Fiber-Optics
By Output
- Analog
- Digital
- Single-Channel
- Multi-Channel
By Application
- Chemical
- Oil & Gas
- Consumer Electronics
- Healthcare
- Automotive
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- GCC
- South Africa